CELLULOSE ACETATE FIBERS MARKET ANALYSIS

Regional Analysis

Market Outlook

The global cellulose acetate fibres market is segmented into Asia Pacific, Europe, North America, and rest of the world. Over the past years, the highest demand for cellulose acetate fibres was observed in North America, owing to the presence of a mature market such as the U.S. Asia Pacific accounted for the second largest market share as a result of large consumer demand in China. Moreover, rapid expansion of industries such as textile and wood in emerging economies such as India has contributed to the overall growth of the Asia Pacific cellulose acetate fibres market. The Europe market is expected to grow at a steady pace over the forecast period, much like North America. However, growing demand for substitutes such as polyester and nylon in these regions is expected to affect the market growth to some extent. In terms of other regions, the market in Latin America, Africa, and the Middle East is projected to exhibit steady growth owing to increasing focus of key manufacturers on expanding their presence to untapped markets.